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Nifty levels - Sep 14, 2023Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
12 Sep ’23 Post Mortem on Nifty - Mid Small Caps bleedingNifty Analysis Recap from yesterday: “For tomorrow I wish to continue with the bullish stance, although I would like to take some safety net via long PUTS as we have the CPI (Inflation) data coming up this week.” The opening 45mts saw huge profit taking, few of the candles were deep red sending out a message that it may not just be a profit taking. I usually do not check the midcap and small cap indices as their weightage rarely moves Nifty. But seeing the aggressive price moves, I did peep into those sub indices and this is what happened. nifty smallcap down 4.1% midcap 150 down 2.97% nifty metal down 2.67% nifty energy down 2.49% nifty next50 down 2.3% nifty auto down 1.86% nifty commodities down 1.85% Usually we do not have these high aggressive moves. I even forgot the last time Nifty moved 2% intraday. The puts that I had on Nifty did appreciate in value in the opening 30 to 40mts but the fall got arrested there. So I still have those long PUT positions active for tomorrow. The options premiums were also a bit off today, the OTMs having an unusual surge in prices - totally irrational. By around 14.45 - the options flow suggesting further downside. Whereas by 15.20, I got conflicting signals from the PE side. I wish to just wait and watch for tomorrow and not get into an aggressive long position until Nifty50 has consolidated at the current levels. I wish to modify my stance to neutral from bullish. If we break the 19870 levels tomorrow - I wish to go short (bearish).
NSE:NIFTY
by viswaram
Nifty daily analysis for 13/09/23.After a gap up opening, there was a profit booking and market consolidated as it has already stretched alot and it may take a halt or market may become volatile. On the hourly charts, there was profit booking in the first hour and market remained inside the candle whole day closing almost flat. Nifty has hit a new ATH and there should be a halt or a retracement before carrying on with the bullish momentum. Markets can't just go up without any rest or retracement and after a movement there will be a sideway to volatile market. Watch the market to consolidate or retest the lower support levels. On 15 minute time frame, market has near to the 20 ema and is taking resistance from the round number figure of 20k. Support :- 19920-50, 19860 Resistance :- 20020, 20110(ATH) Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
Nifty levels - Sep 13, 2023Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
NIFTY 12.09.2023 LEVELS..Nifty Spot : 19936.35 Dear Followers Kindly Don't Take Any Buy or Sell Trades Today... Please Watch My Option STRIKES & Level One Week. Draw The Lines Buy, Sl, T1 to T5 Lines In Your Broker Application Trailing Purpose Only. Option Strike : 19800 CE Buy At : 106, Sl : 95, Next Sl : 63 Target : 132 Target : 159 Target : 185 Target : 212 Target : 238 Target : 264 Target : 291 Target : 317 Option Strike : 19800 PE : Buy At : 74, Sl : 67, Next Sl : 45 Target : 93 Target : 111 Target : 130 Target : 149 Target : 167 Target : 186 Target : 204 Target : 223 Every Target Point Is An New Buy Entry. First You Conform The Trend.. Market Goes Uptrend Or Downtrend. Then Only You Entre CE or PE Strike. If You Enter... Stop Loss is Below The Entry 15 To 25 Points.. Otherwise You Loss The Money. Kindly Watch My Break Even Point. Every Day. Above The Break Even Point UPTREND Starts Below The Break Even Point DOWNTREND Starts. Don"t Enter Blindly.
NSE:NIFTY
by market1tomorrow
11 Sep ’23 Post Mortem on Nifty - @20000 a day to remember 🎇🎇Nifty Analysis Recap from yesterday: For Monday I wish to change the status from bullish to 50% bullish & 50% neutral — that’s because I would like to wait for this news flow to get priced in. The euphoria and FOMO alone should drive Nifty50 to new ATHs, however I do not wish to get into new bullish positions till then. The 50% neutral, 50% bullish stance was taken to give some time for the traders to digest the I-CRR news. Seems like nobody was interested to wait. As soon as we opened - the intention to go up was very clear - how so? Just look at the OTM put prices. All the signs of aggressive put writing with near ATM credit and far OTM debit. Since this pattern was holding throughout the day, I personally went ahead with some long positions. In today’s price action, there were no reversal or pullback attempts and all the sectors were in green - a rarity usually. And as per DOW theory - if all the sectors are in green - its a true indicator of trend. On the 1hr TF - just notice the pace at which Nifty50 regained the lost points. It took 42 days and 1hr for Nifty to fall from 19991 to 19223 and just 10 days & 6 hrs to regain it. Which also indicates its a structural bull market. For tomorrow I wish to continue with the bullish stance, although I would like to take some safety net via long PUTS as we have the CPI (Inflation) data coming up this week.
NSE:NIFTYLong
by viswaram
Nifty daily analysis for 12/09/23.A new ALL TIME HIGH for Nifty today. The market were looking bullish from the very first minute and finally crossed the 20k level in the last hour of the trading session. Nifty has travelled to 20 k levels from 19300 levels and now it can take a halt before crossing the level. It has formed a marubozu candle and has closed near the round figure level. On the hourly charts, the market is trading above the moving averages and has closed near the day high. While the nifty is at its ATH there is no resistance and the levels for the resistance are taken by the fibonacci levels. Support :- 19930, 19865 Resistance :- 19200, 19310 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
3
Nifty levels - Sep 12, 2023Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
Bank Nifty Daily analysis - 1D chartThe Bank Nifty has found strong support at the 45,000 level and is making its way toward the 46,000 range, indicating an upward trend in the Indian market. If the Bank Nifty continues to exhibit strength over the next two to three trading sessions, it could drive the Nifty index to reach new all-time highs, accompanied by increased trading volumes and solid support. However, there is a significant concern looming over this market rally, and that pertains to the decreasing value of the Indian Rupee compared to the US Dollar. Presently, the Rupee is trading approximately 0.5% lower than its historical highs, potentially leading foreign institutional investors (FIIs) to consider booking their profits. If the US Dollar continues to appreciate, and market volatility (VIX) remains low, any sudden downward movement could spell trouble for the market, potentially disrupting overall market sentiment.
NSE:BANKNIFTYLong
by tradeGambler
Nifty weekly analysis for 11/09/23.Nifty has given a nice bullish move of 2% on the weekly charts and has closed above 19800 levels. There is a nice bullish marubozu candle on the weekly charts and it has come after a consolidation. On the daily charts, market hit our targets on 19850 and reversed after hitting the target and has closed 92 points high forming a doji candle on the high. Nifty has travelled nicely giving retest and moving higher. Indian market looks bullish and there are chance of nifty reaching the recent high. On the hourly charts, there is a bullish flag and pole pattern and market has closed above both the moving averages. On 15 minute charts, there is a clear depiction of consolidation and breakout and how it can give big target. Nifty gave break out and consolidated and continued the up move after another consolidation. Support :- 19805, 19740 Resistance ;- 19860, 19970-90 No major resistance is there for nifty and can retest the recent high. If the market continues to travel after breaching the ATH, it can reach 20500 levels soon. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
Nifty Trading Plan for Second week of Sept 2023 Nifty End of Day Analysis Helps Traders to Understand the Nifty sentiment and Identify Potential Trading Opportunities for the Next Trading Day in Nifty future or Nifty option Nifty Support Nifty Support 1 - 19358 Nifty Support 2 - 19240 Nifty Support 3 - 19180 Nifty Resistance Nifty Resistance 1 - 19470 Nifty Resistance 2 - 19570 Nifty Resistance 3 - 19680 Nifty Trend Signal From Open Interest Analysis PCR ratio as per Option Chain Analysis - 1.1 ( Bullish) Max Pain As per Option Chain Analysis - 19400 Major Resistance as Per Nifty Open Interest Analysis - 19600 Major Support as Per Nifty Open Interest Analysis - 19300 Long Opportunity in Nifty for Intraday Trading On Friday Nifty took Support sustained above 19250 and Completed the Target of 19460 Tomorrow First Buying opportunity will be above 19360 and if the Nifty Open Gap up then the Buying opportunity will be Near 19460 or 19480 Nifty Short opportunity As we Know Nifty just changed a short-term downtrend, so Now don't expect big downside movement till Nifty goes below 19300 If nifty Sustain below 19570 then try to buy nifty Put or Short nifty keep a small stop loss and a small target If Nifty Goes below 19350 then Take a short trade for big targets If you Like our Trading Plan Please Like and Share
NSE:NIFTYLong
by manojshinde27
08 Sep ’23 Post Mortem on Nifty + discontinuation of I-CRR newsNifty Analysis Recap from yesterday “On the 1hr TF the W pattern worked out quite good. The next 2 resistance points will be 19786 and 19852 if we are continuing the breakout rally. If we were to fall the first support will be the resistance we just broke i.e. 19678 followed by 19581. For tomorrow I wish to continue my bullish stance unless the first support of 19678 is taken out in the first 2 hours.” Let the chart not deceive you, we really went up 142pts ~ 0.72% from the low to the high and today’s low was still above yesterday’s close. Since the chart was set to “Auto” resolution on “Log” scale - the up move may not look that much. What an impressive rally today, I assume most of the analysts would have switched their bias to the long side after yesterday’s show. Today’s outperformance was quite predictable still the near ATM call options had a humongous price swing. Option premiums usually rise when the uncertainty goes up - and seeing the rally today the price jumps in 20100, 20200, 20300 & 20500 were more than unusual. 20100 CE which closed for 5.45 yesterday opened at 6.5 and rallied upto 13.5 ~ 248% before closing at 9.35. We took out the first resistance point by 11.15 today and touched the 2nd resistance point by 14.15 to only close lower. The 2 resistance points are highlighted in orange horizontal lines. I was feeling quite carried away that the technical analysis was working exactly as in the script. Nifty falling in a bearish channel from 21st July and then breaking out from 1st Sep. Just today I realized the real reason behind this is the I-CRR news flow - read here. Remember the fall started when the RBI Governor announced the 10% increment in CRR in his last MPC address. Now there is news that 75% of it might be removed immediately. This was the reason the banks started rallying all of a sudden from 2pm on 6th Sep. Do you recollect the article I wrote about HDFCBK being the lone wolf fighting for banknifty? Now you might have understood how a 41% weightage on BankNifty can make a lot of difference. For Monday I wish to change the status from bullish to 50% bullish & 50% neutral - that's because I would like to wait for this news flow to get priced in. The euphoria and FOMO alone should drive Nifty50 to new ATHs, however I do not wish to get into new bullish positions till then.
NSE:NIFTYLong
by viswaram
Nifty levels - Sep 11, 2023Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in mind that support and resistance levels are not fixed, and they can change over time as market conditions evolve. The dashed lines on the chart indicate the reaction levels, serving as additional points of significance to consider. Furthermore, take note of the response at the levels of the High, Low, and Close values from the day prior. We hope you find this information beneficial in your trading endeavors. * If you found the idea appealing, kindly tap the Boost icon located at the bottom right. We encourage you to share your thoughts and comments regarding it. Wishing you success in your trading activities!
NSE:NIFTY
by sacxe
Nifty daily analysis for 08/09/23.The market finally has given a nice trending move and has closed 116 point higher. On the hourly charts, nifty took a slight pull back and started moving in the upward direction slow. During the second half it gave the break out and travelled, finding resistance around 19730 levels. A nice bullish candle on the daily charts is showing some positivity and if the global markets support, nifty can travel higher. On 15 minute time frame, it constantly took support from 20 ema closed very bullish. Support :- 19640, 19550 Resistance :- 19785, 19845 The market has consolidated alot and the up move can continue owing to the G-20 summit. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum